Thursday, November 1, 2012

EURJPY Short Trade EURJPY Short Trade
EURJPY has paid very well in head-and-shoulder pattern. It was a nice trade. Details [here]. 

Owing to YEN weakens, price has risen to upper resistance area. Looks like double top in making. Price is already turning south after touching the resistance area. 

Currently I am short this pair from 103.79 for a possible move to lower resistance area. If price goes above then I will add one more short at 104.30 near to highs of 25-Oct.

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